Finance Minister Sri Mulyani Appoints JP Morgan SUN Agent
By : Herry Barus And Aldo Bella Putra | Tuesday, May 01 2018 - 14:00 IWST

Menkeu Sri Mulyani Indrawati (Foto Voa)
INDUSTRY.co.id - Jakarta - Finance Minister Sri Mulyani Indrawati again appointed JP Morgan Chase Bank NA as the main dealer of Sovereign Debt Instruments in accordance with Letter of Appointment Number S-45 / MK.8 / 2018 dated April 17, 2018.
Press release from the Directorate General of Financing and Risk Management of the Ministry of Finance received in Jakarta on Monday (30/4/2018) stated that the appointment of JP Morgan Chase Bank NA as the main dealer is effective since May 2, 2018.
With the re-entry of JP Morgan Chase Bank NA, the number of major SUN sellers currently becomes 20 institutions consisting of 16 banks and four securities firms.
Earlier, in early January 2017, the Finance Minister cut its partnership relationship with JP Morgan Chase Bank NA as it cut its debt rating down two ratings from overweight to underweight.
The Minister of Finance assessed that JPMorgan Chase Bank NA's research report, at that time, was not conducted through appropriate indicators and potentially disrupts the stability of the national financial system.
The following is a list of 16 banks that became SUN sellers after JP Morgan Chase Bank NA re-entered, namely Citibank NA, Deutsche Bank AG, HSBC, PT Bank ANZ Indonesia and PT Bank Central Asia, Tbk.
PT Bank Danamon Indonesia Tbk, PT Bank Mandiri (Persero) Tbk, PT Bank Negara Indonesia (Persero) Tbk and PT Bank OCBC NISP, Tbk.
In addition, PT Bank Panin, Tbk, PT Bank Rakyat Indonesia, Tbk, PT Bank Permata, Tbk, PT Bank CIMB Niaga, Tbk, Standard Chartered Bank and JP Morgan Chase Bank NA.
Read Also
Increase in New Loan Disbursement Drives Growth in KB Bukopin's Interest…
PermataBank Holds Annual General Meeting of Shareholders 2023 and…
The Importance Of Cashflow Considerations In The Supply Chain
Fully Supported by KB Financial Group- South Korea, Bank Bukopin…
Index Launch: Remittances Play a Powerful Role in Consumers’ Financial…
Today's Industry

Sabtu, 23 September 2023 - 11:33 WIB
Growing Above Industrial Average, CLEO Strives for Innovation
Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

Kamis, 14 September 2023 - 15:15 WIB
INOV Poised to Absorb PET Recycling Market Potential
The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Senin, 11 September 2023 - 09:07 WIB
Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit
President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

Senin, 11 September 2023 - 07:45 WIB
ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace
On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…

Senin, 11 September 2023 - 06:40 WIB
Indonesia, Japan Agree to Raise Partnership Status to Comprehensive Strategic
Indonesia and Japan have agreed to raise the partnership status of the two countries to strategic comprehensive, President Joko “Jokowi” Widodo has said.
News Comment